|Bid||480.00 x 1500000|
|Ask||516.99 x 1500000|
|Day's Range||490.00 - 504.80|
|52 Week Range||490.00 - 632.20|
|Beta (3Y Monthly)||-0.22|
|PE Ratio (TTM)||233.78|
|Forward Dividend & Yield||12.17 (2.46%)|
|1y Target Est||N/A|
Jim Cramer zooms through his responses to callers' stock questions about various sectors in "bear market mode."
The S&P 500 fell 27 points or 1% as of 9:30 AM ET (14:30 GMT), while the Dow decreased 189 points, or 0.7%, and the tech-heavy Nasdaq Composite slipped 88 points, or 1.2%.
One 2019 trend to watch in the banking sector: big M&A deals between large regionals no longer held back by regulatory red tape.
The European Central Bank said on Friday it will take over supervision of the European operations of Barclays and Bank of America Merrill Lynch (BofAML) after they moved some businesses to Ireland from Britain because of Brexit. The two banks' Irish subsidiaries have previously been supervised by Irish authorities but their bigger size means they will now come under the ECB's watch. Bank of America announced this month that it had merged its UK banking entity into its Irish unit, employing over 800 people in Dublin and making the company its principal European banking entity.
Moody's Investors Service has placed on review for upgrade the ratings of 20 tranches in 10 structured finance deals. Please click on this link http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF476698 for the list of affected credit ratings. Specifically, Moody's placed on review for upgrade the ratings of 20 tranches in 10 structured finance deals due to the direct linkage between the ratings of the structured finance securities and underlying ratings of the banks' obligations.
Bank stocks have not been performing well. As short-term rates increase faster than long-term rates, this lowers the yield curve. As the yield curve flattens, banks have a harder time with profitability.
After another rollercoaster start to the week, I would like to discuss three financial stocks that are likely to experience more volatility. Financial firms are sensitive to interest rate changes with the general view that they mostly benefit from rising interest rates. Could it be that the markets are pricing a slowing down of the U.S. and global economies?
Despite strong sales of its core offerings, near-term challenges have weighed down the stock. Now, TTWO stock has fallen to levels not seen since the spring. Due to this negative market psychology, winning with TTWO stock will require a unique set of gaming skills.
JPMorgan Chase & Co has made a splash this year in Washington, D.C. opening branches for the first time in the nation's capital. Smaller branches, ATM kiosks and mobile phone apps are allowing the bank to go into markets more quickly and for less money now than five years ago, JPMorgan executives said. Washington is a prime battle ground, and JPMorgan considers the region the third biggest in the country by population and gross domestic product.
In the latest trading session, Bank of America (BAC) closed at $24.58, marking a -0.73% move from the previous day.
This article is a part of InvestorPlace’s Best ETFs for 2019 contest. Tom Taulli’s pick for the contest is the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ). For InvestorPlace.com’s Best ETFs contest for 2019, my pick is the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ).
The grants were primarily awarded to organizations that focus on solutions to poverty and homelessness, workforce skills training, and community development.
U.S. stock futures are trading higher this morning extending yesterday’s gains. After briefly breaching pivotal support at 2,600 the S&P 500 came roaring back to close back in its two-month trading range giving bulls a much-needed victory on Monday. Apple (NASDAQ:AAPL) saw renewed options interest on news that China was banning sales of its older models.
As PNC Financial Services Group Inc. joins more of the country’s biggest banks in extending its retail presence nationwide via a path paved by online platforms, what’s to stop Pittsburgh’s smaller financial institutions that have been buying their way into new markets from doing the same? “Even very small banks are tinkering with this to some extent,” said Matthew Schultheis, a banking analyst at Boenning & Scattergood. Many have been avid acquirers, spreading their footprints beyond the 10-county Pittsburgh metro, and within the past three years, several have posted significant growth.
BNY Mellon's (BK) plan to reward shareholders with additional share repurchases reflect strong fundamentals and solid liquidity position.